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(Reuters) – Apparel retailer Abercrombie & Fitch Co (ANF.N) missed quarterly same-store sales estimates on Thursday, hurt by lower-than-expected sales at its namesake line of teenage apparel and Hollister brand of surfwear.
FILE PHOTO: Signage is seen at the Abercrombie & Fitch store on Fifth Avenue in Manhattan, New York City, U.S., February 27, 2017. REUTERS/Andrew Kelly/File Photo
The company said sales at established stores rose 3 percent in the quarter. Analysts on average had expected 3.7 percent increase, according to Thomson Reuters I/B/E/S.
Net loss attributable to Abercrombie narrowed to $3.9 million, or 6 cents per share, in the second quarter ended Aug. 4, from $15.5 million, or 23 cents per share, a year earlier.
The company’s net sales rose to $842.4 million from $779.3 million.
Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur
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